Seeing the Invisible Bridge in Adam Smith
Steven Horwitz for AdamSmithWorksFebruary 19, 2020
Steven Horwitz for AdamSmithWorksFebruary 19, 2020
Compare the pin factory from Adam Smith's Wealth of Nations to a modern potato chip factory described in a podcast. Explore with high school or introductory university students the way that the division of labor and changing market size have changed production over time.
The aim of this game is to "build" a production chain with sounds and actions. Each student provides a single step in the production chain. This lesson plan includes material appropriate for online teaching.
This lesson plan pairs quotations and original text from Adam Smith's An Inquiry into the Nature and Causes of the Wealth of Nations with important founding-era American documents to build students' understanding of Smith, the American Founders, and the time at which they were active.
This lesson builds on the lesson Trade for the Win! Dig deeper into the benefits of free trade in contrast to protected trade using two videos to contrast 18th-century trade with modern times. The extension to this lesson shows graphically how tariffs decrease the overall wealth/well-being of society.
Todd Timberlake for AdamSmithWorksJanuary 22, 2020